The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-07-01
MONEY. BONDS AND STOCKS.

The Strength and Activity of the New York
Market Replaced by Weakness.
NEW YORK June 3o.-Money on call was
light. ranging from per cent per annum 10
per cent. and interest per diem, the last loan
being made at IL per cent, closing at tat per
cent per diem
Prime mercantile paper sac per cent.
Sterling exchange was dull but steady at 81 81
for sIxty-day bills and 81 SO for demand.
The total sales OF stocks to-day were 29l, S26
shares, including the following: Canada
Southern. $3.50: Delaware. Lackawanua & West
ern Tex divldend). s.27O; Erie 1856: Lake Shore.
$3.50; Louisville s. Nashville, 5.4OO; Missouri
Pacific, 9,295 thwestern. 1850; New Jersey
Central, 1850: Pacific Mail, 1885, Reading.
$685. st Paul. IL, 800; St Paul & Omaha.
5,I56; Texas Pacific, 5000; Union Pacific.
1IS20: Western Union. $500.
The strength and activity which has marked
the stock market the past three days was en-
tirely lacking to day, and prices, with the ex-
ception of few insignificant reactions. were
heavy to weak throughout the day. There was
renewed selling to realize the profits of the last
few days, and the room traders. who have been
bnlIish from the supposed settlement OF the
telegraph difficulties. experienced revulsion
of feeling and were again active helping
prices down. Money again worked very hard,
in consequences of :ne liberal calling of loans by
corporations pre- paratory TO the July dlsburse-
nents,. and the rate again reached I per cent.
Ter day and interest LONDON moderate
seller Western Union again the pivotal
stock and weak throughout the day, with
the exception of a sharp rally during the hrst
hour New England WAS next in interest and
displayed unusual strength ir the early part or
the day, but the pressure became too heavy and
It's gains nearly all lost. Reading was
comparatively quiet and its movements unlm-
portrait Manhattan was again raided by the
traders, and it's price was depressed Ii per cent,
but the stock mas ceased TO have any effect on
the general list. the opening was quite 1rregu-
lar though the changes from yesterdays final
exception of Canada Southern. which rose !.
The market was active ia the early dealings
under the lead of Western Union. which
broke II per sharp rally followed
the general list barely recovered the early
declines There a marked decrease In the
amount OF business done after that time, and
prices again took down~ar turn, although
the movement sluggish. Later. fluctuations
became exceedingly narrow and business decl-
dedly dull. until well into the afternoon, when
Jersey Central New England and Missouri Pa
ciic developed marked weakness, though the de-
clines were afterward pearlv recovered. In the
last hour the market became again very dull
and the close h-'.vy, generally at a shade
better than the lowest figures reached. With
but exceptions the entire active list i9 lower
and Manhattan is down cent; Western
Union. IL; Colorado Coal. II, and San Francisco
preferred. l.
Railroad bonds were dull and featureless.
Sales S947 600. The final changes. though in a
majority of cases in favor of higher figures, are
with but very few exceptions. for Insignificant
fractions only Fort Wayne second rose 8 to
I4l:: chmond & Allegheny receipts, q, to 723
Govr1n ! enr binds were dull but firm.
State bonds were dull and steady. Closing
quotations were: